Creating Value

Last week, I ate at Paradise Café.  As usual, I ordered a salad and soda. The cashier asked the following brilliant question as they took my credit card – “You get a free cookie with your salad.  Which one would you like?”

Now, you don’t need an MBA to realize that this isn’t a free cookie. The cost is built into the nearly $11 I pay for a very average salad and Diet Coke. I’m no dummy.

Then why do I keep going back?

Believe it or not, I think it’s the “free cookie”. At some unconscious level deep in my brain, I am under the belief that the nice people at Paradise treat me to a FREE desert every single time I visit.

They have created perceived value (for about $.10 in costs) in a hyper competitive marketplace for lunchtime choices.

What can you do in your business to create some value?

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